FINAL CAPITULATION???

With the financial market icons coming falling down, its time to take stock what is happening...has the final capitulation happened... Well if you observe what has happened in our markets then it does not seem so. Our markets really havent collapsed in the very recent times although we might have moved down from 21K to 13K in the long term perspective. I liked the quote from Rakesh jhunjhunwala when he says that if markets had gone up from 3,000 to 13,000 and come back to 11,000 then wouldnt we have still called it a bull market? so why are we ruing on the fact that we have gone down to 13,000....look where we started from....

Well the point that worries me about the markets from a technical perspective is that this series has gone into the negative zone...and there is some time for this series to end...that might mean that there could be a lot of downside still to be seen...I havent been able to track the F&O markets so am not really sure how the put call ratios and open interests playing up...

So is this a good buying opportunity? Well not quite... I think waiting for the final capitulation still might be around the corner...the valuations are good, however that is not only because of prices falling but also because of PE reratings. So still screaming buys might be just around the corner...watch out with baited breath...